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Cosa Resources Corp. ( (TSE:COSA) ) has provided an update.
Cosa Resources reported that the first winter 2026 drill hole at its Murphy Lake North joint venture with Denison Mines intersected 5.0 metres of anomalous radioactivity up to 13,900 counts per second in the upper basement. The hole, MLN26-013, lies along the Cyclone trend just 3 kilometres east of IsoEnergy’s Hurricane uranium deposit and encountered strong, structurally controlled alteration that remains open in all directions.
The result is considered highly significant by management due to its shallow depth, strong alteration, and location within a 1.2-kilometre undrilled gap, prompting Cosa to defer other planned targets to immediately follow up this zone. With a solid treasury and backing from Denison, the company plans to devote the remainder of the winter program to additional drilling around MLN26-013, while awaiting chemical assays that will help determine the uranium grade and potential impact on the project’s future.
More about Cosa Resources Corp.
Cosa Resources Corp. is a uranium exploration company focused on projects in Canada’s Athabasca Basin, one of the world’s premier uranium districts. The company advances early-stage and joint venture properties, leveraging partnerships with sector players such as Denison Mines to explore high-potential basement-hosted uranium targets near existing infrastructure.
Average Trading Volume: 187,936
Technical Sentiment Signal: Buy
Current Market Cap: C$35.56M
For detailed information about COSA stock, go to TipRanks’ Stock Analysis page.